Moreover 3.0: We divest out of VeriSign
May 13, 2009 1 Comment
Today we are pleased to announce that Moreover Technologies is once again an independent company, following our divestiture out of VeriSign. The official press release is copied below or you can read it here.
The move is good news for the company, its employees, and most importantly our customers. We’re excited about our new independence and the opportunities that lie ahead of us. The web is fast becoming a real-time world and we are in a great position to help drive that charge.
We have had a great few years with VeriSign and worked with many wonderful colleagues, and we look forward toasting both our successes in the years to come.
The Moreover (3.0) team
Investor Group Closes Acquisition of Real-Time Publisher Services Business from VeriSign, Inc.
|An investor group led by Paul J. Farrell announced today that it has acquired the Real-Time Publisher Services (“RTP”) business from VeriSign, Inc.® (Nasdaq: VRSN). The RTP business will be re-launched as Moreover Technologies, Inc.
Vienna, VA (PRWEB) May 12, 2009 — An investor group led by Paul J. Farrell announced today that it has acquired the Real-Time Publisher Services (“RTP”) business from VeriSign, Inc.® (Nasdaq: VRSN). The RTP business will be re-launched as Moreover Technologies, Inc.
The business includes both Content Aggregation Services offered by Moreover Technologies, Inc. (moreover.com), the Web’s premier provider of business intelligence, on demand, and Ping Server Services provided by Weblogs.com (weblogs.com). With this acquisition completed, both services will be consolidated under the Moreover Technologies, Inc. (Moreover) name.
Moreover catalogs 450,000 news articles daily from more than 30,000 news sources. Moreover reviews and filters 3.6 million blog posts daily about virtually every industry to identify and make available a refined repository of 200,000 posts. The company also can access 250 pre-built RSS feeds. Moreover provides this information to major international and domestic clients, including many Fortune 500 companies.
The Moreover services help organizations and consumers track relevant news content by organizing, indexing, and managing massive amounts of constantly-updated online content filtered by source and other criteria in near real-time. Customers of Moreover’s services include small and large corporations, Web portal developers, search engines, press clipping agents, news monitoring services, and general Web consumers. Each of the services offered today can be highly customized to fit the customer’s design, layout, and search requirements.
Investor/entrepreneur Farrell notes that his group acquired the company to innovate and expand its industry leading news and information aggregation, distribution and tracking services.
Objectives include establishment of a business model that will partner closely with major news organizations to extend their reach, build upon an already-robust technology infrastructure, drive innovation in product and service offerings, and make customer service and support a benchmark for the entire online publishing industry.
Farrell is well-suited to the task. As Moreover CEO, he will work hands-on with its ongoing development. He has repeatedly demonstrated his strength incorporating entrepreneurially-nimble innovation within a large corporate framework. The one-time Senior Vice President of Business Development for America Online (AOL) is passionate about, and accomplished at, improving productivity and building best-in-class customer service.
“To ensure continuity and provide a platform for rapid ramp up of expanded services, we’re bringing aboard most of RTP’s employees,” notes Farrell.
Hardeep Bindra, RTP General Manager, points out, “We’re excited for our employees, customers, suppliers and other stakeholders. This approach will ensure a smooth transition, and enhance our ability to move forward decisively on key Moreover initiatives.”
For more information about the sale and plans moving forward, contact: salesinfo(at)moreover.com
Paul Farrell, Principal
Farrell is a former America Online (AOL) Senior Vice President of Business Development, who implemented strategic partnerships and expanded business lines and services across the online giant. Farrell possesses three decades of executive-level management, business development and customer service experience, as well as an in-depth knowledge of the Internet, media and enterprise software industries.
Moreover Technologies, Inc.
Moreover was founded in 1998 and acquired by VeriSign in Fall 2005. Moreover was involved with developing the standards for Real Simple Syndication (RSS) 1.0 and continues to advance the technology in this area. Moreover’s current offerings include:
1. Newsdesk—a hosted news and blog search portal product targeted at corporations for corporate marketing, media monitoring, marketing communications, and RSS aggregation for intranets and websites;
2. Search Engine Toolkit—provides an Application Programming Interface (API) based access to news and blogs for portals, social networks, online publisher websites, web applications and intranets;
3. News and User Generated Content (UGC) Metabase—an enriched XML database with constantly updated and indexed free-Web content with Moreover meta data enabling customers to integrate into existing products – e.g., Search Engines, Press Clipping Agents, etc.;
4. Ping Server Services (weblogs.com)—automatically notifies subscribers when new content is posted to a website or blog ;
5. Feeddirect for consumers and publishers—a widget product enabling access to and distribution of customized news and information.
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